Raising record capital of $227 million in health technology, Minnesota’s Medical Alley companies reflected the growth and innovation underway in this sector within the state. This surpassed the previous record of $213 million 2009.
Also, according to the Medical Alley’s Association’s Q2 Quarterly Investment Report, $101 million was raised in the digital health sector in the current quarter from only $18.4 million in 2012—signaling a strong positive trend for the sector and a breakthrough milestone.
“It is exciting to see Minnesota maintain a leadership role in historically strong industries like medical device while also making huge advances in digital health and emerging specialties,” said VP of intelligence and research with Medical Alley Association Cheryl Matter in a recent press release.
The Medical Alley Association serves as an advocate for the healthcare industry serving its stakeholders and members through connectivity and content delivery that supports the evolution of healthcare via innovation.
“Based on the tremendous level of health technology talent and experience here, Minnesota is in a unique position to attract and support the future of digital health,” Matter said.